Third Avenue

Third Avenue Management Named 2024 Best Equity Fund Family Group by LSEG Lipper

Retrieved on: 
Thursday, March 14, 2024
Banking, Asset Management, Professional Services, Finance, Small group, Third Avenue, Martin J. Whitman, Asset classes, Equity, Investment, Mutual fund

Third Avenue Management LLC (“the Firm” or “Third Avenue”) announced today that the Firm was named as the LSEG Lipper Fund Awards Winner United States 2024, Best Equity Small Size Fund Family Group Over Three Years.

Key Points: 
  • Third Avenue Management LLC (“the Firm” or “Third Avenue”) announced today that the Firm was named as the LSEG Lipper Fund Awards Winner United States 2024, Best Equity Small Size Fund Family Group Over Three Years.
  • The Group Awards are presented by LSEG Lipper each year to recognize fund companies that have excelled relative to their peers.
  • Third Avenue’s designation as the 2024 Best Equity Small Size Fund Family Group was driven by the performance within its actively managed Mutual Funds, including the Third Avenue Value Fund ( NASDAQ: TAVFX ), Third Avenue Small-Cap Value Fund ( NASDAQ: TASCX ), and Third Avenue Real Estate Value Fund ( NASDAQ: TAREX ) for the three-year period ended December 31, 2023².
  • LSEG Lipper Fund Awards Winner United States 2024, Best Equity Small Size Fund Family Group Over Three Years.

Third Avenue Launches Global Value UCITS For Non-U.S. Investors

Retrieved on: 
Monday, February 26, 2024
Banking, Asset Management, Professional Services, Finance, Acquisition, UCITS, Investment, Fund, Business, Capital, Third Avenue, Partnership, Security (finance)

Third Avenue Management LLC (“Third Avenue”), a New York City-based investment adviser and leading value investing firm, is pleased to announce the upcoming launch of the Third Avenue Global Value Fund (ISIN: IE000K2CIQ63)1.

Key Points: 
  • Third Avenue Management LLC (“Third Avenue”), a New York City-based investment adviser and leading value investing firm, is pleased to announce the upcoming launch of the Third Avenue Global Value Fund (ISIN: IE000K2CIQ63)1.
  • The global value strategy has been managed for more than three decades and, since its inception in 1990, has provided investors with attractive long-term returns.
  • The Fund will be structured as a sub-fund of Ireland-domiciled UCITS, Gemini Investment Funds (Ireland) Plc2, and is the second UCITS fund offering from Third Avenue along with its highly regarded Third Avenue Real Estate Value Fund (ISIN: IE00B6WFK718).
  • “We are thrilled to offer the Third Avenue Global Value Fund to qualified non-US investors,” said Portfolio Manager Matthew Fine.

Greenberg Traurig's Global Real Estate Practice Pivots to Help Clients Grow Amid Economic Headwinds in 2023

Retrieved on: 
Wednesday, January 10, 2024
Bed, Tennessee Titans, Greater Manchester Pension Fund, Uncertainty, City, Lawyer, Risk, Sale, CBRE, Walton Street, 245 Park Avenue, Morgan Stanley, BlackRock, Environment, Cain International, Metropolitan, Transport, CrossHarbor Capital Partners, Community centre, Creation, Third Avenue, SL Green Realty, Metropolitan Transportation Authority, Brickell Key, Steve Witkoff, Buffalo Bills, Mori Trust, Ryman Hospitality Properties, Acquisition, GRR, Greenberg Traurig, Industrialisation, Mandarin Oriental Hotel Group, Invesco, Swire Properties, Pressure, AIR, Walton Street Capital, CFIT, Commercial property

NEW YORK, Jan. 10, 2024 /PRNewswire-PRWeb/ -- Despite high interest rates and other headwinds that put pressure on asset valuations and deal flow, Greenberg Traurig's Global Real Estate Practice had a strong year in 2023, finding new ways to serve clients and help them grow amid the uncertainty.

Key Points: 
  • Despite high interest rates and other headwinds that put pressure on asset valuations and deal flow, Greenberg Traurig's Global Real Estate Practice had a strong year in 2023, finding new ways to serve clients and help them grow amid the uncertainty.
  • NEW YORK, Jan. 10, 2024 /PRNewswire-PRWeb/ -- Despite high interest rates and other headwinds that put pressure on asset valuations and deal flow, Greenberg Traurig 's Global Real Estate Practice had a strong year in 2023, finding new ways to serve clients and help them grow amid the uncertainty.
  • "Greenberg Traurig lawyers proved resilient and creative in 2023 as clients continually turned to us to help anticipate change, reduce risk, and adapt to new market conditions worldwide," said Michael J. Baum , co-chair of the Global Real Estate Practice and senior vice president of the firm.
  • The team saw significant client demand across a broad range of real estate transactions and matters, including asset management, fund formations, joint ventures, litigation, property development, infrastructure, and restructurings.

Adam Ermanis Returns to Third Avenue Amid Strong Performance

Retrieved on: 
Monday, December 18, 2023
Consulting, Professional Services, Finance, Third Avenue, Business development

Third Avenue Management LLC (“Third Avenue”), a U.S.-based investment adviser and leading value investing firm, is pleased to announce that Adam Ermanis has rejoined the Firm as Managing Director, Client Services.

Key Points: 
  • Third Avenue Management LLC (“Third Avenue”), a U.S.-based investment adviser and leading value investing firm, is pleased to announce that Adam Ermanis has rejoined the Firm as Managing Director, Client Services.
  • In his role, Mr. Ermanis will be responsible for institutional and intermediary investor engagement, client relations, and business development.
  • “I am excited to be welcoming Adam back to the Third Avenue family.
  • I’m excited to be back among some of value investing’s most practiced and dedicated investors as Third Avenue continues to strengthen its legacy.”

Ault Alliance Receives an Investment of $41.5 Million from Ault & Company

Retrieved on: 
Friday, December 15, 2023
Blockchain, Software, Cryptocurrency, Finance, Web3, Professional Services, Technology, Fintech, Cloud, NYSE American, Aviation, Creditor, Funding, NYSE, Security (finance), Warrant, Form, Common stock, Exercise, Conversion, Agreement, Third Avenue, Surety, Preferred stock

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced the closing of a $41.5 million financing (the “Financing”) with Ault & Company, Inc. (“A&C”), an affiliate of the Company, pursuant to the Securities Purchase Agreement (the “Agreement”) entered into between the Company and A&C on November 6, 2023.

Key Points: 
  • Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced the closing of a $41.5 million financing (the “Financing”) with Ault & Company, Inc. (“A&C”), an affiliate of the Company, pursuant to the Securities Purchase Agreement (the “Agreement”) entered into between the Company and A&C on November 6, 2023.
  • As stewards of both Ault & Company and Ault Alliance, which are led by essentially the same individuals, our leadership team has a unique, dual perspective that reinforces our commitment to this course of action.
  • I remain convinced that Ault Alliance's assets are significantly undervalued, and my macro-outlook for the Company is more robust than ever.
  • For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov.

Northwell Receives Largest Single Gift in Its History From Victoria and Lloyd Goldman to Support Expansion in Manhattan

Retrieved on: 
Wednesday, November 15, 2023
Commercial Building & Real Estate, Construction & Property, Hospitals, Cardiology, Philanthropy, Practice Management, Managed Care, Health, Other Philanthropy, Constellation, Lloyd Goldman, Woman, Research, Metropolitan, Surgical oncology, DSM-IV codes, Radiation, Teaching hospital, Metropolitan Museum of Art, Lenox Health Greenwich Village, Multimedia, Oncology, Triple-negative breast cancer, Pharmacy, Heart, North Shore University Hospital, Third Avenue, Endometrial cancer, Weekend Update, Medical research, Lenox Hill Hospital, Hospital, Cancer, Imaging, Impossible, Medical imaging, Pharmaceutical industry, Management, New Yorker, Northwell Health, Art

In gratitude for a significant gift from Victoria and Lloyd Goldman — the largest single gift in Northwell’s history — Northwell Health will name its new medical pavilion under construction on the Upper East Side of Manhattan the Victoria and Lloyd Goldman Medical Pavilion.

Key Points: 
  • In gratitude for a significant gift from Victoria and Lloyd Goldman — the largest single gift in Northwell’s history — Northwell Health will name its new medical pavilion under construction on the Upper East Side of Manhattan the Victoria and Lloyd Goldman Medical Pavilion.
  • The gift was announced at Northwell’s annual Constellation Gala held at the Metropolitan Museum of Art on November 14th and includes an endowment to establish the Victoria and Lloyd Goldman Professorship.
  • View the full release here: https://www.businesswire.com/news/home/20231115848930/en/
    L-r: Northwell President and CEO Michael J. Dowling and benefactors Lloyd and Victoria Goldman stand beside a model of the future Victoria and Lloyd Goldman Medical Pavilion, which is slated to open on the Upper East Side of Manhattan in 2026.
  • The undisclosed gift amount contributes toward the $450 million, 15-floor, 200,000-square-foot complex, which is slated to open in 2026.

WAYNE COUNTY COMMUNITY COLLEGE DISTRICT CHANCELLOR DR. CURTIS L. IVERY TO RECEIVE SECONDARY STREET NAME HONOR

Retrieved on: 
Thursday, December 14, 2023
Fort Street, Community college, Education, Workforce, Detroit City Council, Student, Economy, National Association, Alumni, Third Avenue, Commission, Fortification, Human services, University, African Americans, Eddie Lee Ivery, Diversity, Commissioner, Nursing

DETROIT, Dec. 14, 2023 /PRNewswire/ -- Fort Street at Third Avenue in Detroit will receive the name of "Curtis L. Ivery Street" today (Thursday, Dec. 14, 2023), following a Detroit City Council resolution honoring Wayne County Community College District Chancellor Dr. Curtis L. Ivery.

Key Points: 
  • DETROIT, Dec. 14, 2023 /PRNewswire/ -- Fort Street at Third Avenue in Detroit will receive the name of "Curtis L. Ivery Street" today (Thursday, Dec. 14, 2023), following a Detroit City Council resolution honoring Wayne County Community College District Chancellor Dr. Curtis L. Ivery.
  • The new street sign was unveiled in a morning ceremony Thursday at Fort and Third Streets.
  • Ivery is a national thought leader, author, equity advocate, and force for change in higher education in southeast Michigan.
  • He led the transformation of WCCCD into a thriving, six-campus, dynamic college district with more than 60,000 credit and non-credit students annually.

NV5 Awarded $7 Million for Pedestrian Safety Improvements by the New York City Department of Design and Construction

Retrieved on: 
Monday, October 16, 2023
Engineering, DBIA, Safety, New York City Department of Design and Construction, Lexington Avenue, NV5, Third Avenue, PE, 49th Street, Drainage, Cryptocurrency, Road

HOLLYWOOD, Fla., Oct. 16, 2023 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded a $7 million contract to design pedestrian safety improvements along Lexington Avenue in New York City by the New York City Department of Design and Construction (“NYCDDC”).

Key Points: 
  • HOLLYWOOD, Fla., Oct. 16, 2023 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded a $7 million contract to design pedestrian safety improvements along Lexington Avenue in New York City by the New York City Department of Design and Construction (“NYCDDC”).
  • NV5 will deliver engineering design, project management, and inspection services for the three-year project along Lexington Avenue from 41st to 49th Street and 49th Street from Lexington Avenue to 3rd Avenue.
  • NV5 has provided professional design and resident engineering inspection services to the NYCDDC since the department’s inception in 1996.
  • “We are pleased to support sustainable infrastructure through pedestrian safety and accessibility for the residents and visitors of New York City,” said Dickerson Wright, PE, Chairman and CEO of NV5.

Ault Alliance Signs Listing Agreement to Sell St. Petersburg High-rise Multifamily Project for $20 Million Asking Price

Retrieved on: 
Monday, October 2, 2023
Other Construction & Property, Residential Building & Real Estate, Construction & Property, Bitcoin, Third Avenue, Sale, Interest, NYSE, Airline

Third Avenue has signed a listing agreement with international brokerage firm CBRE Inc.

Key Points: 
  • Third Avenue has signed a listing agreement with international brokerage firm CBRE Inc.
  • Another driving force for selling the property is the current macroeconomic climate and the high-interest rate environment the financial markets are experiencing.
  • Overall, the development of a high-rise multifamily project does not fit the Company’s current focus or capital allocation strategy.
  • With that being said, the Company believes the project is well-situated to capitalize on the fast-growing St. Petersburg market.

Award-Winning Math Program Opens Tribeca and Upper East Locations

Retrieved on: 
Tuesday, September 19, 2023
Teaching, Curriculum, Tribeca, Warren Street, Rocket Club, Third Avenue, Multimedia, Rocket propellant, Friends, Parent, Bank, Tutoring, Fireworks

NEW YORK, Sept. 19, 2023 /PRNewswire/ -- Rocket Club Math, the after-school math tutoring center for kids ages 4 to 12, has expanded by opening 2 new retail locations at 23 Warren Street in Tribeca and 1334 3rd Avenue on the Upper East Side.

Key Points: 
  • NEW YORK, Sept. 19, 2023 /PRNewswire/ -- Rocket Club Math, the after-school math tutoring center for kids ages 4 to 12, has expanded by opening 2 new retail locations at 23 Warren Street in Tribeca and 1334 3rd Avenue on the Upper East Side.
  • After a free one-on-one math assessment, Rocket Club creates a custom curriculum tailored to each member's goals and interests.
  • Members earn "Rocket Fuel," which can be cashed in for prizes and "Certifications" that accumulate on their personal resume.
  • Parents are amazed by their kid's enthusiasm for the program:
    "My daughter talks about Rocket Club Math all week long.